THOUGHT LEADER

demand side for metals, but also for the miners themselves, as illustrated by the ambitious climate targets being laid out by mining majors. The energy transition dictated by COP26 will require vast quantities of key enabling metals due to the material intensity in low-emission alternatives for both power generation and vehicles.”

This, however, will require significant investments from miners, “and we know that the industry has been very prudent in its capital allocation since the end of the super cycle,” Berg said. “We now see the needle moving on capex, but it will require commitment from the industry (and its investors) to develop the required mining and processing capacity in time.” BB

Felicity Landon is an award-winning freelance journalist specializing in the ports, shipping, transport and logistics sectors.

On behalf of AAW Projects (Metso Outotec), WW Group recently supported the carriage of a ball mill plant from Italy into Queensland for a gold mine expansion project. CREDIT: WW

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